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ICG Enterprise Trust PLC GBP ( (GB:ICGT) ) has provided an announcement.
ICG Enterprise Trust PLC announced the repurchase of 2,500 of its own shares to be held as treasury shares at an average price of 1296 pence per share. This transaction is part of a broader buyback authority granted by shareholders, allowing the company to repurchase up to 14.99% of its ordinary shares. The move is intended to manage the capital structure efficiently and potentially enhance shareholder value, without exceeding the net asset value of the shares, adhering to UKLA Listing Rules.
More about ICG Enterprise Trust PLC GBP
ICG Enterprise Trust PLC operates in the financial sector, primarily focusing on investment trusts. The company specializes in private equity investments, providing shareholders with diversified exposure to various market opportunities.
YTD Price Performance: 6.64%
Average Trading Volume: 108,924
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £821.9M
See more insights into ICGT stock on TipRanks’ Stock Analysis page.
